Day: December 16, 2020

Ethereum smashes past $600 as CME unveils ETH futures product

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Ether (ETH) has followedย the breakout above $20,000 for Bitcoin (BTC)ย on Dec. 17, boosted by some big news from the Chicago Mercantile Exchange (CME). The CME just announced that theyโ€™d be launching Ether futures in 2021.ย  “Based on increasing client demand and robust growth in our Bitcoin futures and options markets, we believe the addition of Ether futures will provide our clients with a valuable tool to trade and hedge this growing cryptocurrency,” said Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products. “Ethereum is the second-largest…

Snowden Reacts to Bitcoin’s New Price Milestone โ€” Whistleblower Tweets ‘One word: Bitcoin’

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The price of bitcoin has just hit a historic milestone in a turbulent year, crossing the $20,000 threshold, refreshing its all-time high, and well-known crypto advocates such as Edward Snowden have been reacting to the news on social media. Snowden Reacts to Bitcoin All-Time Highs The famous American whistleblower published a brief but widely discussed statement among his followers on bitcoin: One word: bitcoin The tweet just came days after he also remembered his call on a BTC price comment he made back on March 13, 2020: This is the…

Bitcoin (BTC) Breaks its $20k All-time High, Sets its Sights Higher

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Quick take: Bitcoin has broken its 3-year-old all-time high of $20k Bitcoinโ€™s new all-time high is now $20,794 โ€“ Binance rate A strong weekly close had hinted of a possible push past $20k Bitcoin might have some more fuel to go higher based on Technical analysis and the significance of December 17th (tomorrow) Bitcoin (BTC) has done it! The King of Crypto has set a new all-time high value of $20,794 โ€“ Binance rate. With this move, Bitcoin has achieved what looked like an impossibility due to the Coronavirus crash…

BREAKING CRYPTO NEWS! World's 5th Largest Company Entering Crypto

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โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io In todayโ€™s BREAKING crypto news, one of the worldโ€™s largest companies announced a cryptocurrency partnership. Tencent, one of the biggest tech companies in the entire world just announced that they will be officially partnering with ShareRing. ShareRing ID allows individuals to take control of their digital identity with blockchain technology. The use cases include securing travel documents, insurance, visa processing, renting a car, booking a hotel, etc. By partnering with one of the biggest tech companies in the world, ShareRing aims to…

Bitcoinโ€™s 2020 explosion is not the 2017 bubble again

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Bitcoinโ€™s (BTC) recent volatile price corrections might conjure up images of the 2017 crash in your mind, or maybe even the crash caused by COVID-19 back in March of this year. But the fact that Bitcoin has reached $20,000 for the first time in history is not a reason to sound the alarm. Despite the fact that the price of the worldโ€™s most valuable cryptocurrency is up more than 225% this year, the current bull run weโ€™re living through is unlike the Bitcoin mania we saw back in 2017. Far…

Market Update: Bitcoin Price Hits New All-Time High Over $20k

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The price of bitcoin surpassed its all-time high touching $20,800 on Wednesday morning (EST). At the time of publication, the crypto asset is up over 6% during the last 24 hours with a whopping $380 billion market capitalization. Bitcoin has touched a two-week high reaching $20,800 per coin on Wednesday, December 16, 2020. The price has crushed the previous all-time high (ATH) captured on December 1, 2020, at $19,920. After reaching the ATH on Wednesday, nearly 100% of all BTC in circulation is in a state of profit. There is…

Bitcoin Blasts Through $20,000 as US Dollar Hits Two-Year Low

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Bitcoin has pierced above the $20,000 level for the first time in history. The flagship cryptocurrency logged a surprising upside rally in the pre-market New York trading session Wednesday, hitting an all-time high of $20,822 before turning lower modestly. Analysts said it got the bullish boost from institutional capitalโ€™s arrival into the crypto space as mainstream investors looked for alternative hedging assets against fears of long-term inflation. BofA Fund Manager Survey of the most crowded trades ht @jsblokland pic.twitter.com/KvlP8bTe7x โ€” ๐•ฎ๐–๐–Ž (@chigrl) December 15, 2020 Bitcoin Fundamentals The cryptocurrency was…

Vanguard Total Stock Market Index Fund Surpasses $1T Level Becoming First of Its Kind

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Vanguard equity fund includes as many as 3590 different stocks, thus offering individual investors a chance to diversify, reduce risk, and optimize their investments. Amid soaring US stocks, the Vanguard Total Stock Market Index Fund has made history by topping $1 trillion in its asset under management according to media outlet Bloomberg. Reportedly, the Vanguard Equity fund that encompasses both mutual funds and an exchange-traded fund had a total of $1.04 trillion of assets as of November 30. โ€œGiven that Vanguard birthed index investing, it seems only fitting that one…

Bitcoin Breaks $20,000 Ceiling | BTCMANAGER

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Bitcoin has just surpassed the $20,000 mark in what is a major milestone for the leading cryptocurrency. This is the first time that Bitcoin will be achieving this milestone and this makes the bullish run of 2020, the biggest witnessed by the leading coin. Bitcoin Surges Past $20,000 Bitcoin achieved this milestone 1.45 UTC as the bullish momentum took the coin to a record high of $20,640.ย  This latest bullish run comes after Bitcoin hit a monthly low of $17,800 last Friday and rebounded over the weekend. Trading at around…

Bitcoin Rally Drives Record Volume on AAX Exchange

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Growing demand for BTC corresponds with evidence suggesting that it is no longer traded only by tech-savvy early adopters. The evidence that bitcoin is in the early stages of another bull cycle is mounting. While the most obvious metric, price, attests to this, data from other sources bolster the theory. BTC is up over 20% in the past 30 days and is flirting with the $20,000 threshold, as it has several times in recent weeks. Data released by cryptocurrency exchange AAX supports the case for another bull market, with the…